JTC Employer Solutions Trustee Ltd Sells 100,000 Shares of MBIA, Inc. $MBI

JTC Employer Solutions Trustee Ltd decreased its position in MBIA, Inc. (NYSE:MBI) by 35.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 180,000 shares of the insurance provider’s stock after selling 100,000 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in MBIA were worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Valueworks LLC lifted its position in MBIA by 1.0% in the 1st quarter. Valueworks LLC now owns 2,205,805 shares of the insurance provider’s stock worth $10,985,000 after buying an additional 22,910 shares during the last quarter. TCW Group Inc. lifted its position in MBIA by 12.7% in the 1st quarter. TCW Group Inc. now owns 796,560 shares of the insurance provider’s stock worth $3,967,000 after buying an additional 90,000 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in MBIA by 60.6% in the 1st quarter. Freestone Capital Holdings LLC now owns 288,129 shares of the insurance provider’s stock worth $1,435,000 after buying an additional 108,776 shares during the last quarter. Trexquant Investment LP lifted its position in MBIA by 40.1% in the 1st quarter. Trexquant Investment LP now owns 153,489 shares of the insurance provider’s stock worth $764,000 after buying an additional 43,947 shares during the last quarter. Finally, Nuveen LLC bought a new stake in MBIA in the 1st quarter worth approximately $731,000. Institutional investors own 60.95% of the company’s stock.

MBIA Price Performance

Shares of MBIA stock opened at $6.68 on Friday. The business’s 50 day simple moving average is $7.29 and its two-hundred day simple moving average is $5.52. The stock has a market capitalization of $337.02 million, a P/E ratio of -1.44 and a beta of 1.83. MBIA, Inc. has a one year low of $3.40 and a one year high of $8.26.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen upgraded MBIA from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MBIA in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MBIA currently has a consensus rating of “Hold” and a consensus price target of $8.00.

MBIA Profile

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.